India's Food Price Index Highest in 9 Months
India is still dogged by inflation. The data released by the government showed that the country's food price index rose to 12.21 percent, its highest in 9 months. Food inflation last week was 11.43 percent.
The government data showed that vegetables are 28.89% costlier on a year-on-year. Pulses are costlier by 11.65%, fruits by 11.63%, milk by 11.73%, non-veg items by 13.36% and cereal by 4.13%. However, onion is cheaper by 20.33% and wheat by 1.54%. On the whole, primary articles price index was up by 12.08 percent, compared to annual rise of 11.75 percent a week earlier.
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The data showed that fuel price index fell to 14.50 percent in the week ended October 22 from 14.70% in the previous week. Fuel price index in the comparable week of the previous year was at 10.67%.
It may be recalled that the Reserve Bank of India raised the interest rates last month for the 13th time, expecting that high inflation will start easing from December onwards.
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